GBUL.TO vs. CGXF.TO

Last updated Jun 6, 2026

GBUL.TO (Ninepoint Gold Bullion Fund Series ETF) and CGXF.TO (CI Gold+ Giants Covered Call ETF Common) are both Gold funds. GBUL.TO is passively managed, while CGXF.TO is actively managed. GBUL.TO charges 0.50%/yr vs 1.08%/yr for CGXF.TO.

Performance

GBUL.TO vs. CGXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Gold Bullion Fund Series ETF (GBUL.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GBUL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGXF.TO

• 1D: -8.12%
• 1M: -11.39%
• YTD: -8.33%
• 6M: -3.65%
• 1Y: 35.37%
• 3Y*: 28.18%
• 5Y*: 15.50%
• 10Y*: 9.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GBUL.TO vs. CGXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGXF.TO

CGXF.TO Risk / Return Rank: 27
CGXF.TO Sharpe Ratio Rank: 26
CGXF.TO Sortino Ratio Rank: 26
CGXF.TO Omega Ratio Rank: 29
CGXF.TO Calmar Ratio Rank: 27
CGXF.TO Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GBUL.TO vs. CGXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Gold Bullion Fund Series ETF (GBUL.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GBUL.TO	CGXF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.02	—

Drawdowns

Drawdown Indicators

	GBUL.TO	CGXF.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-91.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-29.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.68%	—
Current Drawdown Current decline from peak	—	-29.15%	—
Average Drawdown Average peak-to-trough decline	—	-45.72%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.01%	—

Volatility

Volatility by Period

	GBUL.TO	CGXF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	40.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	31.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	30.44%	—

GBUL.TO vs. CGXF.TO - Expense Ratio Comparison

GBUL.TO has a 0.50% expense ratio, which is lower than CGXF.TO's 1.08% expense ratio.

Dividends

GBUL.TO vs. CGXF.TO - Dividend Comparison

GBUL.TO has not paid dividends to shareholders, while CGXF.TO's dividend yield for the trailing twelve months is around 13.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGXF.TO CI Gold+ Giants Covered Call ETF Common	13.45%	7.43%	8.09%	8.93%	8.54%	8.59%	11.00%	6.69%	7.97%	6.99%	10.68%	4.82%
GBUL.TO Ninepoint Gold Bullion Fund Series ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, GBUL.TO or CGXF.TO?

On fees, GBUL.TO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBUL.TO or CGXF.TO?

GBUL.TO is cheaper with a 0.50% expense ratio, compared with 1.08% for CGXF.TO.

What is the main difference between GBUL.TO and CGXF.TO?

They also come from different issuers: Ninepoint and CI. Their fees differ too: 0.50% for GBUL.TO and 1.08% for CGXF.TO.